Bee On Trade

Valuation Challenge


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Understanding Customs Value Checks

What triggers customs value checks?

Customs value checks are triggered when there are suspicions about the declared value of a shipment.

How are shipments selected for valuation review?

Shipments are often chosen for valuation review after a document or physical inspection.

Documentation Required for Customs Value Verification

What documents are needed to demonstrate accurate item value?

  • Maritime freight insurance
  • Business Invoice
  • Invoice for resale
  • Purchase Agreement or Order
  • Cost of transportation invoice
  • A statement for insurance
  • Messages regarding the purchase of a Bill of Lading
  • Clearing mandate
  • Direct authorization for representation
  • Bank statement and payment receipt
  • Export notification

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